Margaret Wolf Scholarship Trust
Margaret Wolf Scholarship Trust is a private foundation focused on Education, based in Charles City, IA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $106K in total assets. In 2024, it awarded 1 grant totaling $3K. Net investment income was $4K.
Margaret Wolf Scholarship Trust at a glance
In short: Margaret Wolf Scholarship Trust gave $3K across 1 grant in 2024 (avg $3K), mostly in Iowa. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $3,262
- -11.8% vs 2023
- Grants made (2024)
- 1
- +0.0% vs 2023
- Average grant
- $3,262
- -11.8% vs 2023
- Median grant
- $3,262
- Total assets
- $105,615
- +2.8% vs 2023
- Primary geography
- Iowa (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
Who Margaret Wolf Scholarship Trust funds
How this funder distributes its grants
Grant Size Distribution
5 grants across all recorded years
The most common grant size was under $50K: 5 grants of 5 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
States
Cities
How Margaret Wolf Scholarship Trust gives
- Giving held roughly steady from 2021 to 2024 (−15%). Method
- In 2024 it paid out 64% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $3K (2024) to $4K (2022). In 2024 it made 1 grant totaling $3K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 1 individual scholarship Recipients not named | — | $3,262 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $105,615 | $2,103 | $5,220 | $3,262 | 1 | $3,262 | $3,936 | $5,103 |
| 2023 | $102,776 | $5,254 | $5,553 | $3,700 | 1 | $5,202 | $4,937 | $4,941 |
| 2022 | $103,097 | $2,476 | $6,292 | $4,251 | 1 | $5,808 | $2,442 | $5,255 |
| 2021 | $106,935 | $10,489 | $5,959 | $3,829 | 1 | $5,496 | $10,103 | $5,933 |
| 2020 | $102,633 | $5,920 | $5,699 | $3,738 | 1 | — | $5,564 | $5,709 |
Under IRS private-foundation payout rules, Margaret Wolf Scholarship Trust reported a distributable amount of $5K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Margaret Wolf Scholarship Trust's only listed officer is First Citizens Bank, Trustee on the 2024 filing (compensated).
Officers on the 2024 filing
First Citizens Bank
Trustee
New on the 2024 filing
1 hr/week
$1K (2024)
Former officers (1)
- Former: First Citizens Bank Trustee (2020–2023) — Trustee
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $1K, to First Citizens Bank (Trustee).
Frequently asked questions about Margaret Wolf Scholarship Trust
How much does Margaret Wolf Scholarship Trust give each year?
Margaret Wolf Scholarship Trust gave $3K across 1 grant in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $4K across 1 grant.
How large is Margaret Wolf Scholarship Trust?
Margaret Wolf Scholarship Trust reported $106K in total assets on its 2024 IRS Form 990-PF. It paid out $3K in qualifying distributions that year, against a required minimum of $5K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is Margaret Wolf Scholarship Trust?
Margaret Wolf Scholarship Trust is a private foundation focused on Education, based in Charles City, IA. It holds $106K in total assets as of 2024.
Where does Margaret Wolf Scholarship Trust operate?
Margaret Wolf Scholarship Trust has awarded grants in Iowa.
What is Margaret Wolf Scholarship Trust's EIN?
Margaret Wolf Scholarship Trust's EIN (Employer Identification Number) is 42-6565479. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS March 29, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS April 8, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS April 12, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS April 18, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 29, 2025)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Margaret Wolf Scholarship Trust funds
Education Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Margaret Wolf Scholarship Trust's focus areas in our free grants database
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